股票期权在我国实施中的障碍分析

本文主要对股票期权在我国实施过程中遇到的一些现实问题进行了分析,提出了如下一些障碍:观念上的制约、公司法人治理结构不完善、尚未建立有效的经理人市场、资本市场发育不全、法律法规滞后等,只有解决了上述障碍,股票期权在我国才能得以有效实施。     

Moving forwards with the aim of going backwards fast: high-performance rowing as a learning environment

Background and purpose: This paper focuses on the learning culture within the high-performance levels of rowing. In doing so, we explore the case of an individual's learning as he moves across athletic, coaching and administrative functions. This exploration draws on a cultural learning framework and complementary theorisings related to reflexivity.

Method: This study makes use of an intellectually, morally and collaboratively challenging approach whereby one member of the research team was also the sole participant of this study. The participant's career as a high-performance athlete, coach and administrator, coupled with his experience in conducting empirical research presented a rare opportunity to engage in collaborative research (involving degrees of insider and outsider status for each of the research team). We acknowledge that others have looked to combine roles of coach/athlete/administrator with that of researcher; however, few (if any) have attempted to combine them all in one project. Moreover, coupled with the approach to reflexivity adopted in this study and the authorship contributions, we consider this scholarly direction uncommon. Data comprised recorded research conversations, a subsequently constructed learning narrative, reflections on the narrative, a stimulated reflective piece from the participant and the final (re)construction of the participant's story. Accordingly, data were integrated through an iterative process of thematic analysis.

Results: The cultural (i.e. the ways things get done) and structural (e.g. the rules and regulations) properties of high-performance rowing were found to shape the opportunities both to be present (e.g. secure a place in the crew) and to learn (e.g. learn the skills required to perform at the Olympic level). However, the individual's personal properties were brought to bear on reshaping the constraints such that many limitations could be overcome. In keeping with the theory of learning cultures, the culture of rowing was found to position individuals (a coxswain in this case) differentially. In a similar manner, a range of structural features were found to be important in shaping the cultural and personal elements in performance contexts. Finally, the cultural and structural elements in rowing appeared to be activated by the participant's personal elements, most notably his orientation towards quality performance.

Conclusion: The participant in this study was found to be driven by the project that he cares about most and at each turn he has bent his understanding of his sport back on itself to see if he can find opportunities to learn and subsequently explore ways to improve performance. The story here emphasises the importance of learner agency, and this is an aspect that has often been missing in recent theorising about learning. In this study, we find an agent using his ‘personal emergent powers’ to activate the resources in the culture and structure of his sport in an attempt to improve performance. We conclude from this account that this particular high-performance rowing culture is one that provided support but nonetheless encouraged those involved, to ‘figure things out’ for themselves – be it as athletes, coaches and/or administrators.     

论内幕交易、泄露内幕信息罪

随着市场经济的发展,我国的证券与期货市场相应得到了长足的发展,而证券期货的内幕交易行为由于违背了公开、公平、公正和诚实信用的原则,严重危及到我国国民经济的健康稳定发展。本文从内幕交易、泄露内幕信息的定义与危害,国内外关于本罪的立法概况,本罪的概念与特征等方面对本罪进行相关论述,以便对本罪有一个更为客观的认识。     

证券内幕交易的民事赔偿制度研究

禁止内幕交易是各国证券立法的主要内容之一。我国《证券法》没有规定内幕交易的民事赔偿制度。本文从内幕交易的界定、民事赔偿主体、归责原则、因果关系、举证责任及赔偿金额确定等方面探讨了内幕交易民事赔偿制度的建立和完善。     

论证券内幕交易罪

证券内幕交易是证券市场中极易发生、危害最大、后果最严重的一种违法行为。泄露内幕信息罪的主观方面只能由故意构成 ,不能由过失推导。该罪认定要注意划清内幕交易行为罪与非罪的界限 ,内幕交易罪与泄露内幕信息罪和国家机密罪的区别     

中国证券市场违法违规行为的判别--基于内幕交易与市场操纵的案例分析

本文以中国证券市场历年发生的内幕交易和市场操纵案例为样本,以Logistic模型为分析工具,建立了违法违规行为的判别模型。该模型相对于已有的判别模型有较大改进,并且判别模型中阀值的选取可以体现监管的严厉程度。     

包容性领导、内部人身份认知与员工知识共享——组织创新氛围的调节作用

知识共享是组织开发知识资源以增强竞争优势的关键环节。尽管以往研究表明，多种领导风格显著影响了员工知识共享，但目前对包容性领导是否影响、如何影响以及何种情况下更能影响员工知识共享却知之甚少。基于185份科研人员的有效调查问卷数据，考察了包容性领导对员工知识共享的影响效果，尤其是内部人身份认知的中介作用和组织创新氛围的正向调节作用。实证检验结果显示：包容性领导显著正向影响员工知识共享；内部人身份认知在包容性领导与员工知识共享之间发挥中介作用，且组织创新氛围将强化内部人身份认知在包容性领导与员工知识共享两者关系之间的中介作用；组织创新氛围越强，包容性领导对员工知识共享的正向影响以及内部人身份认知对员工知识共享的正向影响亦将随之增强。     

股权结构与“内部人控制”问题探析

"内部人控制"问题在不同股权结构的公司中表现不同。股权结构集中型的公司中容易出现剥夺型的"内部人控制"问题,而股权结构分散则容易出现代理型的"内部人控制"问题。"内部人控制"问题的治理应从董事会的独立性、股东权利的维护和职业经理市场完善的角度去解决。     

揭开信任的面纱——基于认知和情感视角的信任双中介模型

现有研究关于信任与创新绩效之间的关系存在正向和倒U两种不同结论.为揭开不一致的原因,基于交易成本理论和在位贡献理论将信任区分为认知型信任和情感型信任以减小信任内涵的位移,并引入机会主义行为和内部地位感知作为中介变量,探讨不同类型信任对创新绩效的差异影响.基于257份企业数据,回归结果表明,认知型信任与创新绩效存在倒U型关系,机会主义行为在此关系中起到中介作用;情感型信任与创新绩效之间存在正向关系,内部地位感知在此关系中起到中介作用.实证结果证明未能区分信任类型是造成信任研究结论不一致的重要原因.     

失业呆滞、失业持续性与货币政策——一个包含失业呆滞的NK-DSGE模型分析

将内部人协议引起的失业呆滞引入NK-DSGE模型,分析失业呆滞对我国失业及其持续性的动态影响,研究发现,失业呆滞不仅影响了外生冲击下失业的动态反应及其持续性,并且对宏观经济及劳动力市场造成了永久性伤害.进一步分析失业呆滞显著存在背景下不同货币政策机制的效应,结果显示:失业呆滞几乎不能影响最优货币政策机制对失业的稳定作用;而在Evans规则下,失业呆滞显著影响了货币政策对外生冲击下失业动态的影响,失业问题在短期中难以有效缓解,但相比基准货币政策机制,Evans规则仍实现了社会福利的相对改进.因此,通过劳动力市场结构性改革,打破行政性用人体制,促进劳动力的自由流动,进而消除失业呆滞的制度性诱因,将有利于发挥Evans规则对劳动力市场的稳定作用.